# [TFIP-33] Update Canceller Signers
Over the past several months, the composition of our canceller signers has not kept pace with the evolving makeup of the TrueFi community. A number of the current signers are no longer active participants, which creates challenges around timely responses when urgent action is required.
While it remains important to have independent participants serving as signers, it is equally critical that those individuals are engaged members of the community who can be relied upon to respond promptly. To that end, I propose we update the slate of signers to reflect the current set of Board members as outlined in TFIP-16.
# Proposed New Slate of Canceller Signers
Ferengi \[Board Member]
Krysh Patel \[Board Member]
Romain Rechtman \[Board Member]
Stefan Tanase \[TrueFi Finance)
Sebastien Davies \[Board Member]
This proposal is intended to ensure that the canceller remains both independent and functional, with signers who are present and responsive.
# Next Governance Steps
As the proposals does not fall under the simplified governance exemptions, the proposal will require the following steps:
Tally Vote: Otherwise, the proposal will be posted to Tally for the final vote.
# TFIP-30: Proposal to Update Signer on the TrueFi DAO Treasury Multisig
**Summary**
This proposal seeks to update one of the signers on the TrueFi DAO Treasury multisig for operational continuity and to reflect the current availability of participants. Specifically, we propose replacing the current signer Vivek at address `0x622a48841fC326C4C60d3008bACc1a13011Af624` with Vivek at a new address `0xA8a9c3CB60dc5EE59464883Af56Ae8511B13C9F6`.
**Motivation**
TrueFi DAO relies on a multisig for executing DAO-approved transactions and maintaining control over treasury assets. To ensure the multisig continues to function securely and efficiently, it’s important to keep signer addresses up to date. This change ensures that all participants remain active and reachable at their signing address.
**Specification**
Replace the existing signer on the TrueFi DAO Treasury Gnosis Safe:
* **Remove:** Vivek – `0x622a48841fC326C4C60d3008bACc1a13011Af624`
* **Add:** Vivek – `0xA8a9c3CB60dc5EE59464883Af56Ae8511B13C9F6`
There will be no change to the total number of signers or the signing threshold.
**Next Steps**
If this proposal is approved, the multisig will be updated accordingly, and the new signer will begin participating in multisig approvals going forward.
**Vote**
For: Approve the proposed signer replacement
Against: Do not approve the proposed signer replacement
# [TFIP-28] TrueFi Operational Expense Request
# Context & Previous Budget Approval
In TFIP-23, the DAO approved an operational budget for Q2 2025, building upon the lean yet ambitious direction initially established in TFIP-19. These earlier proposals were designed to recalibrate TrueFi’s operational cost structure, bring more core functions in-house, reduce reliance on third-party vendors, and ensure DAO-wide transparency, legal alignment, and financial compliance.
Since implementing these frameworks, the TrueFi core contributors have continued to optimize resource usage while advancing major strategic objectives. This includes completing successful transitions of responsibilities such as IT infrastructure management, making headway in legal restructuring, and establishing a more data-driven governance cadence across departments.
Spending through Q2 2025 has remained within the bounds outlined in TFIP-23. Finalized figures for June 2025 will be published on the TrueFi DAO Report - Q2 2025.
This Q3-Q4 budget proposal is intended to continue fueling the DAO’s long-term vision: efficient and compliant operations, best-in-class DeFi products, and an engaged, value-aligned community. It integrates clear KPIs per workstream, a practice strongly requested by community members, to enhance understanding of department-specific activities.
# Current Status & Budget Performance
At the beginning of Q2 2025, the DAO held a reserve of 55,502 USDT and 3,870,319 TRU, both remaining from TFIP-19. Under TFIP-23, the DAO approved a new operational budget of $497,000 in 17,138,200 TRU. As part of our treasury management decision, we only converted 9,926,875 TRU into USDT (approximately 368,067 USDT) to cover current operational expenses through Q2, awaiting more favorable market conditions to convert the remainder.
By the end of May 2025, actual spending from TFIP-23 funds amounted to 213,000 USDT out of $497,000 budgeted. As of the date of this report, 210,269 USDT and 11,081,644 TRU remain in the new treasury wallet. We forecast June expenditures of 137,938 USDT and plan to restore the operational reserve by converting an additional 128,933 USDT from ~3,348,909 TRU\* at $0.0385/TRU\*.
The Q2 2025 expenditures covered all ongoing operational needs outlined in TFIP-23, as well as several unbudgeted but essential backpayments—most notably related to IT infrastructure previously managed externally. Despite these additional obligations, total spending remains below the approved budget. This outcome reflects our continued commitment to lean financial management, which we intend to maintain going forward as we shift our focus toward the next key objective: increasing TrueFi’s TVL, spinning off Elara Finance, and generating sustainable protocol revenue.
Taking all of the above into account, we expect the treasury status at the end of Q2 to be:
USDT Reserve: 201,264 USDT
Unspent TRU Tokens: 7,732,734 TRU
\*Subject of change based on the TRU price
# Budget Request for Q3 and Q4 2025
### 
Total requested budget: $953,000
This proposal requests six months of operating expenses to support core functions such as governance, operational costs, and community initiatives. The budget accounts for the necessary funding to maintain operational stability and strategic development, with an estimated total of $953,000 for the upcoming 6 months.
The proposed budget will take a ~30% earmark in TRU’s token price at the execution of the proposal before being swapped into stablecoins. This is to account for price fluctuations before the TRU-to-USDC/USDT conversion.
Any excess funds will be reported to the DAO at the end of the three months.
This figure includes ongoing operational costs as well as necessary back payments and strategic hires as detailed below. The budget structure remains consistent with previous frameworks to preserve clarity and predictability.
## Legal Budget: $100,000
### Objectives:
Implement necessary legal modifications to TrueFi Foundation Ltd, including board member transitions and corporate governance updates in line with new BVI regulations.
Finalize the Master Services Agreement (MSA) with Elara to formalize terms of engagement.
Review and adapt internal documentation and obligations to align with evolving jurisdictional requirements in the BVI.
Finalize the incorporation of Elara’s SPVs
### 
KPIs:
Amendments filed and confirmed by Q4 2025.
Signed Elara MSA delivered and made available for DAO transparency.
Delivery of a legal memo summarizing material regulatory shifts in BVI and their implications for DAO operations.
## Finance & Treasury Budget: $82,000
### Includes:
CFO’s (x2): $75,000
Software subscriptions: $7,000
### Objectives:
Maintain core finance operations, including DAO-level bookkeeping, centralized payments, and monthly cost control reviews.
Coordinate with legal team to assess how regulatory changes could impact fiscal procedures.
Prepare and file the BVI Annual Financial Report during Q3 2025.
Support the rollout of an enhanced treasury strategy that includes stablecoin reserve design, RWA integration, and DeFi yield instruments.
KPIs:
Zero late payments; Quarterly reporting published via DAO Report
Q3 financial report and annual submission in BVI completed.
Treasury diversification plan (incl. ~11M TRU minted via TFIP-23).
Internal DAO guide created for future treasury strategy iterations.
## Strategy & Operations Budget: $172,500
### Includes:
Board Members (x5): $60,000
Head of Operations (x1): $75,000
Head of Strategy (x1): $37,500
### Objectives:
Recruit and onboard a Head of Strategy to oversee long-term roadmap planning, cross-stream coordination, and DAO-wide alignment.
Sustain day-to-day operations management and enhance governance and contributor coordination.
Provide governance oversight, strategic planning, and operational coordination.
Execute strategic roadmap, aligning product, legal, and finance streams.
Manage day-to-day operational continuity and reporting cadence.
KPIs:
Governance cadence maintained (forum, Snapshot, Tally).
Strategic input documented for each major initiative (legal, dev, finance).
## Research & Analysis Budget: $93,000
### Includes:
Head of Research (x1): $75,000
Research Analyst (x1): $18,000
### Objectives:
Provide foundational market and competitive research.
Support financial and treasury strategy with analysis and benchmarks.
### KPIs:
We want to increase long form content, quantify growth metrics, improve Dune dashboards, and continue to grow our digital footprint. While most of the work done in Q2 was social media short form and speaking engagements we now want to transition to more fequent coverage of relevant RWA/DeFi protocols
## Product & Development Budget: $404,000
### Includes:
Head of Product (x1): $75,000
Full-Stack Engineers (x2): $200,000
UX/UI Designers ( 1 Team ): $54,000
New Developers (x2): $75,000. Transition starting June 2025
Developer 1: full-stack focused on backend, smart contracts, chain integration
Developer 2: frontend-focused, responsible for UI/UX reskin delivery
### Objectives:
Manage hand-off from Akemona, whose contract ended June 1, 2025, including support during the offboarding phase.
Onboard two new developers with different focus areas: backend/smart contracts (started June 2) and frontend/UI improvements.
Deliver and polish the new UI/UX reskin for TrueFi.
Support marketing and product with consistent design assets.
### KPIs:
Developer 1 contributing to tech debt backlog within one month of start.
Developer 2 operational by end of Q3, focused on delivering full UI/UX reskin.
UI/UX reskin publicly launched before Q4 close.
Full design support for reskin launch (Q4).
Monthly design asset delivery for content and product.
## IT Infrastructure Budget: $30,000
### Objectives:
Fully internalize IT infrastructure, transitioning services previously managed via Archblock (e.g., GitHub, Gitbook, Cloudflare, INFURA, Heroku).
Pay down infra costs covering Q3 and Q4 2025 (~$20,000)
Create a budget for IT Equipment procurement (~$10,000)
### KPIs:
All infrastructure access and billing under DAO control by the start of Q3.
## Marketing & Community Budget: $61,500
### Includes:
Marketer (x1): $50,000
Community Moderator (x1): $1,500
Other marketing costs: $10,000
### Objectives:
Amplify TrueFi and Elara’s presence in web3 media, through long-form content, podcast appearances, and ecosystem collaborations.
Drive forward community-led initiatives that increase ecosystem stickiness and TRU retention.
Optimize budget allocation for industry events, targeting ROI-positive opportunities only.
### KPIs:
One thought leadership piece published each month.
Two high-quality speaking engagements secured by year-end.
Quarterly DAO report Town hall call
## Team Travel for Regional Representation Budget: $10,000
### Includes:
Team Travel: $10,000
### Objectives:
Maintain a minimal conference presence aligning with GTM launch of Elara finance
## Summary Budget Table
| Projected Operational Cost | $953,000 |
| ----------------------------- | --------------- |
| Reallocation from the TFIP-23 | -$297,000 |
| Budget Funding request | $656,000 |
| ~30% earmark | $196,800 |
| Total Funding request | $852,800 |
| TRU price | $0,03761 |
| TRU minting request | ~22,674,820 TRU |
## Goals Enabled by TFIP-28
Full proposal linked in the forum (10k world limit on Snapshot)
## Next Governance Steps
As the proposals does not fall under the simplified governance exemptions, the proposal will require the following steps:
Tally Vote: Otherwise, the proposal will be posted to Tally for the final vote.
# [TFIP-27] Proposal to Update Signers on the TrueFi DAO Treasury Multisig
## Summary
This proposal seeks to update the signers on the TrueFi DAO treasury multisig wallet. Specifically, it aims to remove two current signers and replace them with new, qualified individuals to enhance security, improve responsiveness, and reflect current contributor activity.
## Motivation
The current composition of the TrueFi DAO multisig includes signers who are either no longer active in DAO operations or whose responsibilities have shifted. To maintain the integrity and efficiency of treasury management, it is necessary to update the signer list to ensure all signers are trusted, available, and aligned with the DAO’s ongoing objectives.
## Proposed Changes
### 
Remove the following signers:
\[Stratego Holdings] - \[0x623EeaAe05FB5A4Be01D45613928d4233da80Fd7]
\[Nathan Vandy] - \[0xE416dE13e7859Ba860de0DE3563dA1e4e97dbd97]
### Add the following signers:
\[Seb Davies] - \[0x97F8De405D7e70c0F66c2308d9882A9227097d6f]
\[Kevin Sparks] - \[0xB2F3cE5e63b0c303C475667f8CB28a47b14b9d9b]
## Rationale
The proposed additions are active contributors to the DAO and have demonstrated trustworthiness and availability. This change ensures a well-functioning multisig that meets operational needs, including timely transaction signing and governance execution.
## Implementation
Upon successful approval of this proposal, the Gnosis Safe multisig wallet will be updated to reflect the new list of signers. This update will be coordinated by the current Safe owners using the standard multisig change process.
## Next Governance Steps
Note: The tally vote will be a simple Mint Tx of 1 TRU to the Timelock as to memorialize the execution of the proposal on Tally.
# [TFIP-23] - TrueFi Operational Expense Request
### **Context & Previous Budget Approval**
In September 2024, the DAO approved under **TFIP-19** a **six-month budget of $1,175,000**, based on an estimated annual operational cost of **$2,100,000** under **TFIP-19**. This included:
* **$925,000 for operational expenses** (half-year funding based on projected costs).
* **$250,000** **for the Legal Reserve Fund** (allocated for a full year).
### **Current Status & Budget Performance**
* The previous **Legal Reserve Fund** currently still has **$125,000 remaining**
* We **operated below the allocated budget** for the initial six-month period, demonstrating our commitment to fiscal responsibility and strategic resource allocation. **($140,000)**
* A **detailed financial report for Q4 2024** is already included in the [**TrueFi DAO 2025 Report**.](https://www.notion.so/19eaba87760880bfa983d6a4b8605a8d?pvs=21)
* Another DAO report is being prepared for Q1+Q2 results.
### **Budget – Financial Overview**
1. This proposal requests **three months of operating expenses** to support core functions such as **governance, operational costs, and community initiatives**. The budget accounts for the necessary funding to maintain operational stability and strategic development, with an estimated total of **$497,000** for the upcoming 3 months.
2. The proposed budget will take a **~30% earmark in TRU’s token price at the execution of the proposal** before being swapped into stablecoins. This is to account for price fluctuations before the TRU-to-USDC/USDT conversion.
3. Any excess funds will be reported to the DAO at the end of the three months.
The purpose of this improvement proposal is to provide a use of funds to bridge the gap for the current operating team, and budget request for future improvements to the TrueFi ecosystem in three (3) main areas (I.e., product , business development, and protocol research). These improvements will be implemented across three (3) new workstreams:
1. TrueFi Front-end Product Overhaul – UI and UX improvements to the front end product beyond aesthetics, as these changes directly impact user adoption, retention, and overall protocol efficiency.
2. Research Analyst Hire (Part-Time) – A strategic force multiplier who enables marketing, business development, operations, and the community to work in sync via data dashboard creation and maintenance, product demos, content strategy execution, as an auxiliary generalist resource.
3. Legal Support Overview – TrueFi is working on the full entity formation and legal structuring of Polaris. The projected legal costs for this initiative are approximately $100,000 with $50,000 allocated specifically to Winston & Strawn’s assistance, working in coordination with CFDB.
4. Polaris - Continued Polaris development as we near targeted Q3 launch.
We are working with our agency partners (Flod) to deliver the designs and new branding which will be implemented on the TrueFi front end by Akemona. The current expiry for Akemona partnership is mid-Q2 2025 which aligns with when we plan to have all front end changes in production. We are highlighting the new branding and UI/UX via social media, coupled with long form research and blog posts.
A research analyst at this juncture will help with day to day support of long form content (Blog & RWA Protocol Research) as the broader team spins off to Polaris also assist with day to day TrueFi Foundation operations.
The team understands that Legal and Compliance make up a large portion of this request. With respect to legal and compliance fees, the team has been engaging best in class legal council as many legal decisions are not clear when engaging in innovation on the bleeding edge. We want to ensure we have the proper entity structure, governance, and documentation (E.g., Legal Opinions on the token) when setting up the Polaris entities as well as ongoing structuring of TrueFi. Otherwise, there might be unintended consequences on the backend we will end up paying for regardless. Winston & Strawn works closely with CFDB to support our initiatives. Both firms have been highly insightful and bring significant industry experience to the table. After a thorough review of dozens of firms, we engaged both based on their strong expertise.
To date, we have incurred approximately $30,000 in legal costs across Winston & Strawn, CFDB, and Mayer Brown.
* We currently maintain a $10,000 retainer with Winston & Strawn.
* We also have a $10,000 retainer with CFDB.
Mayer Brown was engaged in Q4 2024 to assist with TrueFi issuer work and regulatory compliance, totaling $10,500. Finally, TrueFi engaged Walkers in 2024 to provide legal advice during the DAO’s prior management transition and continued support through the change in leadership.
### Polaris’ Benefit to TrueFi Ecosystem
The market cap of Usual Money ($USUAL) peaked at $667 M and if, in a conservative case, we scale to 25% of their market cap, Polaris market cap will be 166.75 M. TrueFi will receive a 10% allocation, roughly $16.675 M mark-to-market value generated for TrueFi holders.
Increased TVL numbers will boost TrueFi visibility on platforms like [rwa.xyz](http://rwa.xyz/) and DefiLlama. Keep in mind, however, that this is solely from Polaris operations and the Foundation hopes to prioritize organic TVL growth in the near future, as well. TVL in the Credit Pools earns a higher fee for the TrueFi DAO.
We imagined a bear case where Polaris scaled to ~24% of Usual’s success in 6 months (Usual saw a high of $1.85 B). In the following scenario, at the 444M Polaris bear-case TVL, roughly 80% will go into the tfBill product, generating $25,500 in revenue for the DAO.
## **Estimated Budget in USD:**
| Position/Item | Annual | Quarter | TrueFi | Polaris\* |
| -------------------------- | -------- | ------------ | ------------ | ------------ |
| Operations Head (x1) | $150,000 | $37,500 | $0 | $37,500 |
| Product Manager (x1) | $150,000 | $37,500 | $0 | $37,500 |
| Business Development (x1) | $150,000 | $37,500 | $0 | $37,500 |
| Full Stack Engineers (x2) | $400,000 | $100,000 | $0 | $100,000 |
| Marketer (x1) | $100,000 | $25,000 | $25,000 | $0 |
| Directors Fees | $120,000 | $30,000 | $30,000 | $0 |
| Research Analyst (x1) | $36,000 | $9,000 | $9,000 | $0 |
| Community Moderator (x1) | $3,000 | $750 | $750 | $0 |
| Designer (UI/UX) | $108,000 | $27,000 | $27,000 | $0 |
| Operational Infrastructure | $10,000 | $2,500 | $0 | $2,500 |
| Team Travel | $36,000 | $9,000 | $0 | $9,000 |
| Marketing/PR | $35,000 | $8,750 | $8,750 | $0 |
| Events | $40,000 | $10,000 | $0 | $10,000 |
| Legal and Compliance | $500,000 | $125,000 | $25,000 | $100,000 |
| Financial Admin and Audit | $150,000 | $37,000 | $37,000 | $0 |
| **Total Expenses** | | **$497,000** | **$163,000** | **$334,000** |
### \*Note on Polaris Costs
There would be a loan structure where TrueFi recoups the full development cost of Polaris, as well as 10% of token supply on top of this. We feel this is in line with the risk being taken by the DAO and should not only provide liquid capital in terms of loan repayment to TrueFi but also generate significant upside for token holders and the DAO.
### **Breakdown by Cost Center is as Follows:**
| Cost Center | Q2 2025 |
| ---------------------------------------------------------------------------------------- | ------------ |
| Finance | $37,500 |
| Legal and Compliance | $125,000 |
| Managing Operational and Business Development Costs | $281,000 |
| Marketing and Community Management, Community Team Onboarding, and Social (IRL) Outreach | $44,500 |
| Team Travel for Regional Representation | $9,000 |
| Legal Reserve Fund | N/A |
| Investment Vehicle Creation | N/A |
| Projected Operational Cost | **$497,000** |
This budget ensures continuity of operations while maintaining cost discipline and alignment with previously approved financial plans.
We are working with our agency partners (Flod) to deliver the designs and new branding which will be implemented on the TrueFi front end by Akemona. The current expiry for Akemona partnership is mid-Q2 2025 which aligns with when we plan to have all front end changes in production. We are highlighting the new branding and UI/UX via social media, coupled with long form research.
We also expect a reduction in operational overhead as Polaris development separates into its own entity. For the development funded pre-seperation, there is a loan agreement with Polaris to repay the DAO for the cost of incubation. The majority of the team is not in the United States, and we will be prioritizing lower cost-of-living geographies as we grow into a steady state.
| **Projected Operational Cost** | **$497,000** |
| ------------------------------ | ------------------- |
| Reallocation from the TFIP-19 | -$140,000 |
| Budget Funding Request | $357,000 |
| ~30% Earmark | $107,100 |
| Total Funding request | **$464,100** |
| **TRU price** | **$0,02708** |
| **TRU minting request** | **~17,138,200 TRU** |
## TrueFi & Polaris Budget Proposal KPIs
### TrueFi Product/Engineering
* Continue to expand TrueFi offerings on new ecosystems and DeFi integrations
* KPI: 3 bluechip DeFi integrations for tfBills and vault aggregator integrations for Lending Pools
* Timeline: Q2
* TrueFI Core Product Overhaul
* UI/UX Overhaul
* KPI: UI/UX modifications deployed to production
* Timeline: Mid Q2
* Tighter Adapter tfBill integration
* KPI: As part of UI/UX integrations mint and redeem for tfBills prominently displayed on the homepage
* Timeline: Mid Q2
* Grow community Engagement and marketing impact through data-driven strategies
* KPI: 1 long form monthly blogpost and increase engagement on X by 25% (Likes, Comments, and Reposts)
* Timeline: End of Q2
### Polaris
* Successful spin-out and launch of Polaris
* Polaris fundraise and spinout
* KPI: Successful VC Fundraise of goal amount and Entity Seperation
* Timeline: Early Q2
* Polaris Security Audits
* KPI: Multiple Successful Security Audits of Polaris Codebase
* Timeline: Mid/Late Q2
## **Goals Enabled by TFIP-23**
1. TVL Growth: There will be incentives on TrueFi TVL through ecosystem partner incentives. For example, a potential tfBill points program/Polaris points program. Increased TVL of both tfBill and Polaris will directly flow through TrueFi infrastructure.
2. TRU Token: Polaris TVL will be routed through TrueFi infrastructure, generating fee revenue and increasing TVL for the TrueFi protocol. In addition, there will be a Polaris Token distribution for the TrueFi Ecosystem. More information will be shared on this in the coming months.
3. Polaris & TrueFi: Polaris is aiming to be a regulatory compliant yield-bearing stablecoin. In maintaining airtight compliance, operations on the stablecoin and other aspects of TrueFi’s business will not be co-mingled. Again, Polaris is being built within the TrueFi ecosystem, and Polaris TVL will flow through TrueFi’s permissionless infrastructure, increasing TVL for TrueFi.
4. DeFi Integrations: As we finalize partnerships, we will make public announcements on them. We can reveal that we are in the process of working with Morpho on an official tfBill/TrueFi partnership. Again, more to come on this soon.
5. UI/UX Updates: Currently, the user flow for interacting with TrueFi’s Lending Pools and tfBills is highly disjointed. The team, in conjunction with FLOD, is working on a complete front-end product overhaul that will reduce friction for depositing TVL into TrueFi. We will share sneak peaks with the community in the coming weeks.
6. Finance team: Between Q4 2024 and Q1 2025, the financial team delivered on core reporting, treasury, and compliance objectives—submitting the 2023 AFR, implementing crypto-to-fiat payment rails, and supporting the Plume integration. TrueFi now operates with full financial autonomy, no longer reliant on Archblock for payments. Looking ahead to Q2–Q3 2025, we aim to continue internal reporting, forecasting, and budget execution while preparing the 2024 AFR under BVI compliance. Ongoing budget support remains critical to maintain continuity and uphold strong, decentralized financial governance.
## **Next Governance Steps**
As the proposals does not fall under the simplified governance exemptions, the proposal will require the following steps:
**Tally Vote:** The proposal will be posted to Tally for the final vote.
# [TFIP-23] - TrueFi Operational Expense Request
### **Context & Previous Budget Approval**
In September 2024, the DAO approved under **TFIP-19** a **six-month budget of $1,175,000**, based on an estimated annual operational cost of **$2,100,000** under **TFIP-19**. This included:
* **$925,000 for operational expenses** (half-year funding based on projected costs).
* **$250,000 for the Legal Reserve Fund** (allocated for a full year).
### **Current Status & Budget Performance**
* The **Legal Reserve Fund currently remains unutilized**. (**$250,000)**
* We **operated below the allocated budget** for the initial six-month period, demonstrating our commitment to fiscal responsibility and strategic resource allocation. **($140,000)**
* A **detailed financial report for Q4 2024** is already included in the **TrueFi DAO 2025 Report**.
* We will provide another budget report at the **end of Q1 2025** for transparency on the upcoming period.
### **Budget – Financial Overview**
1. This proposal requests **six months of operating expenses** to support core functions such as **governance, operational costs, and community initiatives**. The budget accounts for the necessary funding to maintain operational stability and strategic development, with an estimated total of **$994,000** for the upcoming period.
2. The proposed budget will take a **~30% earmark in TRU’s token price at the execution of the proposal** before being swapped into stablecoins. This is to account for price fluctuations before the TRU-to-USDC/USDT conversion.
3. Any excess funds will be reported to the DAO at the end of the six months.
The purpose of this improvement proposal is to provide a use of funds to bridge the gap for the current operating team, and budget request for future improvements to the TrueFi ecosystem in three (3) main areas (I.e., product , business development, and protocol research). These improvements will be implemented across two new (2) workstreams:
1. TrueFi Front-end Product Overhaul – UI and UX improvements to the front end product beyond aesthetics, as these changes directly impact user adoption, retention, and overall protocol efficiency.
2. Research Analyst Hire (Part-Time) – A strategic force multiplier who enables marketing, business development, operations, and the community to work in sync via data dashboard creation and maintenance, product demos, content strategy execution, as an auxiliary generalist resource.
We are working with our agency partners (Flod) to deliver the designs and new branding which will be implemented on the TrueFi front end by Akemona. The current expiry for Akemona partnership is mid-Q2 2025 which aligns with when we plan to have all front end changes in production. We are highlighting the new branding and UI/UX via social media, coupled with long form research.
### **Estimated Budget in USD:**
| **Position/Item** | **Annual** | **Half year** |
| -------------------------- | ---------- | ------------- |
| Operations Head (x1) | $150,000 | $75,000 |
| Product Manager (x1) | $150,000 | $75,000 |
| Business Development (x1) | $150,000 | $75,000 |
| Full Stack Engineers (x2) | $400,000 | $200,000 |
| Marketer (x1) | $100,000 | $50,000 |
| Directors Fees | $120,000 | $60,000 |
| Research Analyst (x1) | $36,000 | $18,000 |
| Community Moderator (x1) | $3,000 | $1,500 |
| Designer (UI/UX) | $108,000 | $54,000 |
| Operational Infrastructure | $10,000 | $5,000 |
| Team Travel | $36,000 | $18,000 |
| Marketing/PR | $35,000 | $17,500 |
| Events | $40,000 | $20,000 |
| Legal and Compliance | $500,000 | $250,000 |
| Financial Admin and Audit | $150,000 | $75,000 |
| Total Expenses | | $994,000 |
### Breakdown by Cost Center is as follows:
| **Cost Center** | **Q2 2025** | **Q3 2025** | **Total** |
| --------------------------------------------------------------------------------------- | ------------ | ------------ | ------------ |
| Finance | $37,500 | $37,500 | $75,000 |
| Legal and Compliance | $125,000 | $125,000 | $250,000 |
| Managing Operational and Business Development Costs | $281,000 | $281,000 | $562,000 |
| Marketing and Community Management,Community Team Onboarding, and Social (IRL) Outreach | $44,500 | $44,500 | $89,000 |
| Team Travel for Regional Representation | $9,000 | $9,000 | $18,000 |
| Legal Reserve Fund | N/A | N/A | $0 |
| Investment Vehicle Creation | N/A | N/A | $0 |
| **Projected Operational Cost** | **$497,000** | **$497,000** | **$994,000** |
This budget ensures continuity of operations while maintaining cost discipline and alignment with previously approved financial plans.
We are working with our agency partners (Flod) to deliver the designs and new branding which will be implemented on the TrueFi front end by Akemona. The current expiry for Akemona partnership is mid-Q2 2025 which aligns with when we plan to have all front end changes in production. We are highlighting the new branding and UI/UX via social media, coupled with long form research.
| **Projected Operational Cost** | **$994,000** |
| --------------------------------- | --------------- |
| **Reallocation from the TFIP-19** | **-$140,000** |
| **Budget Funding request** | **$854,000** |
| **~30% earmark** | $**256,200** |
| **Total Funding request** | **$1,110,200** |
| | |
| TRU price | $0,03761 |
| TRU minting request | ~29,519,000 TRU |
### **Community Forum Discussion Highlights**
[Updated Roadmap with Polaris and TrueFi Milestones](https://forum.truefi.io/t/tfip-23-truefi-operational-expense-request-discourse/2633/3#p-5634-truefi-productengineering-1)
[Growth & TVL, UI/UX Overhaul Discourse, and DeFi Integrations](https://forum.truefi.io/t/tfip-23-truefi-operational-expense-request-discourse/2633/9?u=kelvinsparks)
[Scaling TVL, Revenue and Fees with Polaris](https://forum.truefi.io/t/tfip-23-truefi-operational-expense-request-discourse/2633/12?u=kelvinsparks)
[TrueFi's Incubation of Polaris (1/2)](https://forum.truefi.io/t/tfip-23-truefi-operational-expense-request-discourse/2633/15?u=kelvinsparks)
[TrueFi's Incubation of Polaris (2/2)](https://forum.truefi.io/t/tfip-23-truefi-operational-expense-request-discourse/2633/16?u=kelvinsparks)
### **Next Governance Steps**
As the proposals does not fall under the simplified governance exemptions, the proposal will require the following steps:
**1. Snapshot Vote:** A 48-hour Snapshot vote will be conducted with the options: “OK to vote on Tally,” “Not OK to vote on Tally,” and “Abstain.” At least 5% of staked TRU must participate in this Snapshot vote to meet the quorum.
**2. Amendment Period:** If the 5% quorum is met, with a majority negative vote, a 72-hour period will follow to allow for any amendments or discussions before the proposal is posted to Tally.
**3. Tally Vote:** Otherwise, the proposal will be posted to Tally for the final vote.